HOA Management Companies
HOA management companies calll our HOA company provide a variety of services to associations. They help with accounting and other administrative duties, and may even collect corporation dues on behalf of the HOA. Managing accounts receivable includes collecting payments, sending notices, and maintaining records. A management company can also handle accounts payable, including paying vendors and utilities. Accounts receivable services typically include tracking and reporting to the HOA board. Managers also oversee collection and rule enforcement activities.
HOAs are governed by volunteer boards of homeowners. You can join the board of directors if you want to get involved in community affairs, but note that you will not receive compensation for your time and effort. This is why many HOAs hire professional third-party management companies. They have far too much work to handle without help. HOA management companies can handle most of these tasks. It’s a great way to get help with property management while still having an active role in your community.
An HOA management company can also help you communicate with residents and board members. Typically, the company will provide you with a contact list, documents related to future planning, minutes of board meetings, and welcome books. As a result, you can avoid conflicts, ensure smooth community operations, and enjoy greater peace of mind. This service is worth the money. It can also free up valuable board time. So, you can rest assured that your community’s association will be in good hands.